Dubai's real estate market hit a new high in Q3 2024, with property transactions totaling a record-breaking AED 142 billion ($38.7bn), led by off-plan sales.

Off-plan properties surged, contributing 63% of total transactions in Q3, with 31,800 deals, a 58.7% rise year-on-year. These transactions also reached a record value of AED 67.45bn ($18.4bn), reflecting growing buyer interest in new developments.

Ready properties made up 37% of the market with 18,639 deals, seeing a 13.3% year-on-year increase. Valued at AED 74.53bn ($20.3bn), they accounted for 52% of total sales.

Property Finder's report highlights that Dubai’s luxury real estate sector continues to thrive, reflecting a shift towards owner-occupancy and strategic investments. The market remains a global hotspot for buyers looking to invest in off-plan and ready properties.